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Trade settlement timeframes

Trading on Stake AUS

What does T+2 trade settlement mean?

The standard time for the settlement of buy and sell trades is T+2 days, where ‘T’ refers to the transaction date and ‘+2’ refers to two business days later. 

This means the cash for executed sell orders takes two business days after the trade to be cleared into your trading account. Your cash will become available for withdrawal or transfer after the T+2 settlement.

The settlement date for all trades is available on the trade confirmation email. You can also access a calendar of settlement amounts on the Stake platform under Buying power > Funds & balances. You can click on Settlements to view a list of trades due to settle.

Can I trade on unsettled funds?

It can be frustrating to wait for a trade settlement before being able to reinvest the proceeds of your order. This is why at Stake, we allow Stake AUS users to trade with unsettled funds from sales.

So, if you sell A$500 worth of shares that settle in two business days, you can invest the unsettled A$500 immediately and place a new order. You cannot withdraw unsettled funds from your AUD balance.


Trading on Stake Wall St

The standard time for the settlement of buy and sell trades on the U.S. exchange is also T+2 days. This means the cash for executed sell orders takes two business days after the trade to be cleared into your balance.

Can I trade on unsettled funds?

If you feel restricted by the standard T+2 settlement, you can trade on unsettled funds as part of Stake Black, our premium membership. One of the advanced features on Stake Black Wall St is Instant Buying Power, which allows you to bypass T+2 and trade immediately after a sell trade, reinvesting that money in a heartbeat. Learn more about Stake Black here.

Please note you cannot withdraw unsettled funds from your USD balance.


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